05/11/2023
Join Josh High from Swift Home Mortgage as he brings you another episode of Weekly Mortgage Minutes, this time focusing on how to become mortgage ready. Whether you're a realtor, a first-time buyer, or an existing homeowner planning to buy a new house, understanding the mortgage process is crucial. In this video, we dive into five key tips to help prepare you for getting a mortgage.
We start by explaining the importance of maintaining a strong credit score and provide practical advice on managing credit card balances. We then move onto discussing the role of your finances in securing a mortgage, suggesting ways to simplify your banking and large deposit considerations.
The next key point addresses job changes, specifically the impact of switching from a W-2 to a 1099 position on your mortgage eligibility. We also stress the significance of staying up-to-date with your IRS filings, and finally, we talk about understanding your buying power and how it determines what you can afford.
Remember, becoming mortgage ready is not an overnight process, and our goal is to help you navigate through it. So go ahead, subscribe to our channel for more such informative videos, and feel free to reach out to us for any queries. We are here for you!
